US open: Futures fall as bellwether FedEx spooks the market
US futures Dow futures -0.86% at 30679 S&P futures -0.97% at 3863 Nasdaq futures -1.12% at 11790 In Europe FTSE -0.35% at […]
USD/CNH closed above 7.000 for first time in 26-months
Retail sales rose to a 7-month high of 5.4% y/y, beating expectations of 3.5% Industrial output rose to a 5-month high of […]
Gold wrap: Spot gold breaks key level (yet gold futures hesitate)
Many traders across Asia will be looking at their spot gold charts today after its solid close beneath the 2021 low. Such […]
Could tomorrow’s Michigan Consumer Sentiment be the key for the FOMC’s decision next week?
Let’s rewind for a moment to June 15, 2022. The FOMC hiked rates by 75bps from 1% to 1.75%. Recall that in […]
US data dump shows mixed results; US Dollar treading water
The US released a trove of economic data this morning and the prints were mixed, resulting in muted market movement. US Retail […]
Kuroda is likely rolling his eyes as USD/JPY taps 145
Market made sharp U-turns following the US inflation report, where CPI did not soften as much as expected. US CPI rose 8.3% […]
What will happen to GBP/USD if the UK surprises with higher CPI?
Earlier today, the US released its August CPI report. The headline print was 8.3% YoY vs and expectation of 8.1% YoY and […]
Technical Tuesday: Gold, EUR/USD and Nasdaq
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts […]
US CPI comes in hotter than expected! Is a 75bps rate hike locked in?
The US Consumer Price Index for August fell to 8.3% YoY vs an expectation of 8.1% YoY and a July reading of […]
US open: Futures tumble on hotter than expected inflation
US futures Dow futures -1.7% at 31820 S&P futures -2.2% at 4085 Nasdaq futures -2.4% at 12380 In Europe FTSE -1% at […]
US Dollar retreats further ahead of US CPI
The US dollar has continued to retreat, with the greenback now down for the fifth consecutive against a basket of foreign currencies. […]
USD/JPY knocked from its perch as Kuroda jawbones the yen
Asian Indices: Australia’s ASX 200 index rose by 44.8 points (0.65%) and currently trades at 6,893.50 Japan’s Nikkei 225 index has risen […]